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to the non-partisan congressional budget office. they told us on tuesday this year they expect the economy to grow 1.4%. i don't think there's anybody listening to my voice on our financial news network of cnbc who likes that number, 1.4%. i suspect you don't like it either, larry. they said this fiscal contraction, including the sequester is cutting 1.5% off gdp growth, the difference between 1.4% and 2.9%. would you rather look at a 3.3 gdp growth in year? i would. that's what's upsetting people. >> the bigger question is, dan mitchell, do you buy the congressional budget office numbers? >> that's a conventional forecast. >> it may be a conventional forecast but it could also be wrong. dan mitchell, i want your professional opinion. we spent our heads off for the still luck package in 2009. this is still the worst economic recovery in the postwar period. dan, why not try limited government? or let me put it a different way, slightly less spending, is that good or bad for the economy? >> the congressional budget office is still wedded to the 1950s, 1960s style keynesian model. more govern
sequester would disrupt the life of the nation. but scott, rasmussen polling is telling us 60% of the people want across the board spending cuts and believe that lower spending is the key to the economy. we've got ourselves smart voters and a dumb white house? is that possible? >> well, president obama has said we need a balanced approach. the only balance he seems to be interested in is raising revenues. and voters get that. when obama got elected he ran with a campaign plank of turning around the economy with a balanced approach, with meaningful cuts and some sort of at least faint turning around some of these entitlements programs. he's done nothing of the kind and people are seeing it. they're look at this 2% gdp growth as a new normal, larry. >> new normal. not producing enough jobs. hang on. we'll see you later on. >>> the snow could not knock stocks down today or even dent this rally. woe finished higher again. the s & p even touched another 5-year high. but what about apple's cash? and what about the threat of a world currency war? we're going have to talk about that all next up. >>>
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